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Bolt raises $80M for third venture fund dedicated to hardware tech (total $100m)

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Bolt raises $80M for third venture fund dedicated to hardware tech – Boston Business Journal.

Bolt Innovation Group LLC, a Boston-based venture capital firm that goes by the name Bolt, has raised $80.3 million for its third early-stage investment fund focused on hardware companies, according to a recent U.S. Securities and Exchange Commission filing.

Bolt leads pre-seed investments into startups combining hardware and software technology. The firm’s average check size is $200,000, according to its website, with some investments reaching $1 million.

Bolt’s local investment portfolio includes Desktop Metal, a 3D printing company that has now raised nearly $100 million; Sense, which makes devices to monitor home energy usage; and Squaddle, which makes digital logbooks for restaurants.

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